Review:
Corporate Social Responsibility (csr)
overall review score: 4.5
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score is between 0 and 5
Corporate Social Responsibility (CSR) is a business model that helps companies be socially accountable, by integrating social and environmental concerns into their operations and interactions with stakeholders.
Key Features
- Ethical business practices
- Socially responsible initiatives
- Environmental sustainability efforts
- Community engagement
- Transparency in operations
Pros
- Enhances corporate reputation
- Builds customer loyalty and trust
- Improves employee morale and retention
- Positive impact on society and environment
Cons
- Costly to implement for some companies
- Greenwashing - false claims of CSR activities
- Potential conflicts with shareholder interests